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    Should Credit Card Co's. be allowed to adjust rates at will?

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    Credit card companies are readjusting interest rates and the amount of annual fees. Should this be allowed or should the Government limit the discretion of the credit card companies. How should the Federal Reserve Bank exercise its authority in this matter.

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    Solution Preview

    Because the Federal Reserve has regulatory and supervisory duties over banking, and since they are a part of the federal government, they ...

    Solution Summary

    This solution helps describe the Federal Reserve's involvement in credit card adjustments.